Team Leader - Fund Accounting (Traditional and Hedge)
Apex Group Ltd (UK Branch)
The Apex Group was established in Bermuda in 2003 and is now one of the world’s largest fund administration and middle office solutions providers.
Our business is unique in its ability to reach globally, service locally and provide cross-jurisdictional services. With our clients at the heart of everything we do, our hard-working team has successfully delivered on an unprecedented growth and transformation journey, and we are now represented by over circa 13,000 employees across 112 offices worldwide.Your career with us should reflect your energy and passion.
That’s why, at Apex Group, we will do more than simply ‘empower’ you. We will work to supercharge your unique skills and experience.
Take the lead and we’ll give you the support you need to be at the top of your game. And we offer you the freedom to be a positive disrupter and turn big ideas into bold, industry-changing realities.
For our business, for clients, and for you
Description
The primary responsibility for this position is to manage teams of Fund Accountants who will perform the accounting and administration of all South African priced funds including Unit Trusts, Priced Pooled, Priced Segregated as well as South African Hedge Funds. The individual will be required to manage staff, assisting with issues coming out of the operations, review of staff work and ensure processes are followed and standards are adhered. This individual will also oversee projects aimed at improving the processes within Fund Accounting.
Job specification
- Deal with client queries and audit queries;
- Ensuring the accurate calculation of Fund valuations, including NAV’s and accounting to TB.
- Communicating and answering any queries on the Funds from the team.
- Manage the output of the team according to the daily production schedule;
- Perform valuation quality assurance valuation reviews and ensure consistent quality of output.
- Document all processes, checklists and controls within the team;
- Monitor and manage the performance of the team as well as individual team members, including setting up KPI aligned to job description and development of staff;
- Implementation of projects, checks and controls to mitigate risk;
- Management of staff in taking on new funds allocated;
- Participate and lead training applicable for the team;
- Monitoring and delegating to ensure that recons in fund accounting are clear.
Skills Required:
- An accounting qualification (minimum B.Com or equivalent) together with either 3 years accounting experience or at least 6 months Fund Accounting experience.
- 24 months plus Fund Accounting experience in asset management portfolio administration and pricing.
- In addition, the individual should have experience with the various fund types either locally or internationally
IT and Systems Skills and Knowledge:
Advanced level experience in using Excel, InvestOne and other related systems.
Proven competence and an aptitude for working with systems.
Skills and Abilities:
Detailed understanding of funds and fee structures.
Previous experience in supervising a team and conducting colleague reviews.
Previous experience in dealing with clients.
Previous experience in mentoring of junior and new staff.
Excellent communication skills (both written and verbal);
Confident, enthusiastic and self-motivated.
A track record of achievement.
The ideal candidate will have the following competencies:
- Ability to analyze and solve problems.
- Supervise staff and work as part of a team.
- Assist in process improvement and the develop & implement policies & procedures.
- Identify problems and delegate effectively.
- Monitor portfolio; and produce daily and weekly stats on recon items.
- Establish and manage relationships.
- liaise with clients and system developers.
Experience:
- Managing a team.
- Knowledge of basic investment product.
- Good understanding of Financial Markets, instruments and systems.
What you will get in return:
- A genuinely unique opportunity to be part of an expanding large global business.
- Competitive remuneration commensurate with skills and experience.
Disclaimer: Unsolicited CVs sent to Apex (Talent Acquisition Team or Hiring Managers) by recruitment agencies will not be accepted for this position. Apex operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our exclusive recruitment partners.